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02 Aug
09:53

SHP improves first-half profit on higher ore price

Peruvian iron ore producer Shougang Hierro Peru (SHP) saw net profit and revenue increase in the first half of 2019, Kallanish learns from the company. “The company’s financial performance has mainly improved due to the strong increase of iron ore prices year-on-year in the period from January to June,” SHP says. During H1 2019, SHP invested $37.8 million in a series of improvements at its operations at the Marcona mine. This …
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